The New York Gaming Facility Board has unanimously voted to subject a Request for Applications for as much as three casinos in New York Metropolis.
The RFA reveals that every license can be legitimate for a interval of between 10 and 30 years based mostly on the overall funding proposed by the license applicant. All profitable candidates will even be required to pay a payment of a minimum of $500 million to safe a license.
Within the RFA submitting, the board mentioned:
“The board shall decide a licensing payment to be paid by a licensee inside 30 days after the award of the license. The board has decided that the license payment can be $500m. An applicant might suggest to pay a better license payment.”
In the course of the assembly, the board famous that any profitable applicant should be sure that all workers members are paid livable wages that can permit staff to reside regionally and help a household in New York Metropolis.
The RFA additionally added:
“Different necessary elements of the appliance might rely on the understanding of the potential aggressive panorama with different candidates, which can solely be gauged after these processes have been accomplished.
Resulting from these timing nuances, the board is not going to impose synthetic deadlines in at the moment’s RFA issuance, apart from the due date for the primary spherical of questions (February 3, 2023) and the return date (30 days from the board’s response to the second set of questions).”
In response to the announcement, a consortium comprising Thor Equities, Saratoga On line casino Holdings, The Chickasaw Nation and Legends, reiterated its intention to use for a license and develop a on line casino resort at Coney Island.
In an announcement, the consortium mentioned:
“For greater than a era, Coney Island has been ready for a year-round economic system that creates not simply jobs – however careers. Our partnership is exclusive, combining unrivalled gaming experience, an unsurpassed monitor document in leisure, and a dedication to serving the local people like no different.
We sit up for submitting our bid and setting a brand new commonplace in financial revitalization and resiliency for New York.”